The Empirical Results of Higher Tax Rates, Maryland 2009 Edition

One year [after the tax on net worths of more than $1m USD], nobody's grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller's office concedes is a 'substantial decline.' "